ING Groep NV Makes New $35.80 Million Investment in Caesars Entertainment, Inc. (NASDAQ:CZR)

ING Groep NV purchased a new position in Caesars Entertainment, Inc. (NASDAQ:CZR - Free Report) in the fourth quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor purchased 1,071,138 shares of the company's stock, valued at approximately $35,797,000. ING Groep NV owned approximately 0.50% of Caesars Entertainment at the end of the most recent reporting period.

Several other institutional investors and hedge funds have also bought and sold shares of the stock. Signaturefd LLC boosted its holdings in shares of Caesars Entertainment by 9.8% during the 3rd quarter. Signaturefd LLC now owns 2,788 shares of the company's stock valued at $116,000 after buying an additional 248 shares in the last quarter. Assetmark Inc. lifted its position in Caesars Entertainment by 8.0% during the 3rd quarter. Assetmark Inc. now owns 3,447 shares of the company's stock valued at $144,000 after acquiring an additional 256 shares during the period. Private Advisor Group LLC boosted its stake in Caesars Entertainment by 3.0% during the third quarter. Private Advisor Group LLC now owns 10,850 shares of the company's stock worth $453,000 after acquiring an additional 317 shares in the last quarter. Fiduciary Family Office LLC grew its holdings in Caesars Entertainment by 1.7% in the third quarter. Fiduciary Family Office LLC now owns 25,215 shares of the company's stock worth $1,052,000 after purchasing an additional 424 shares during the period. Finally, The Manufacturers Life Insurance Company grew its holdings in Caesars Entertainment by 0.3% in the third quarter. The Manufacturers Life Insurance Company now owns 168,516 shares of the company's stock worth $7,034,000 after purchasing an additional 582 shares during the period. 91.79% of the stock is currently owned by hedge funds and other institutional investors.

Analyst Ratings Changes

CZR has been the topic of a number of analyst reports. Truist Financial dropped their price target on Caesars Entertainment from $52.00 to $48.00 and set a "buy" rating on the stock in a research report on Tuesday, January 14th. Barclays dropped their target price on Caesars Entertainment from $57.00 to $55.00 and set an "overweight" rating on the stock in a report on Friday, December 13th. TD Cowen cut their target price on Caesars Entertainment from $50.00 to $48.00 and set a "buy" rating on the stock in a research note on Tuesday, February 4th. Wells Fargo & Company reduced their price target on shares of Caesars Entertainment from $58.00 to $53.00 and set an "overweight" rating for the company in a research report on Wednesday, October 30th. Finally, Jefferies Financial Group decreased their price objective on shares of Caesars Entertainment from $52.00 to $43.00 and set a "buy" rating for the company in a report on Friday, January 3rd. One research analyst has rated the stock with a sell rating, two have assigned a hold rating, eleven have assigned a buy rating and one has assigned a strong buy rating to the stock. According to MarketBeat, the company currently has a consensus rating of "Moderate Buy" and an average price target of $51.21.

Caesars Entertainment Stock Performance

NASDAQ CZR traded down $2.42 on Friday, hitting $35.34. 6,997,075 shares of the company traded hands, compared to its average volume of 4,458,555. The business's 50 day moving average price is $34.72 and its 200-day moving average price is $37.84. Caesars Entertainment, Inc. has a 52-week low of $30.78 and a 52-week high of $45.93. The company has a current ratio of 0.84, a quick ratio of 0.82 and a debt-to-equity ratio of 2.84. The company has a market capitalization of $7.51 billion, a price-to-earnings ratio of -21.16 and a beta of 2.90.

Caesars Entertainment Company Profile

Caesars Entertainment, Inc operates as a gaming and hospitality company. The company owns, leases, or manages domestic properties in 18 states with slot machines, video lottery terminals and e-tables, and hotel rooms, as well as table games, including poker. It also operates and conducts retail and online sports wagering across 31 jurisdictions in North America and operates iGaming in five jurisdictions in North America; sports betting from our retail and online sportsbooks; and other games, such as keno.